Dual Hotel Project in Melbourne gets the Green Light
VICTORIA: Leading Melbourne property developer, Capital Alliance, is thrilled to announce the approval of the planning permit for its groundbreaking $340M dual hotel project in partnership with Australia's International Hotel Group, TFE Hotels.
The permit for the mixed-use lifestyle development at 28-38 Pearl River Road, in Melbourne's dynamic Docklands precinct, allows Capital Alliance to proceed with plans for a state-of-the-art 1000-pax capacity conference centre – one of the largest in Australia - and dual hotels featuring Australia’s largest rooftop infinity pool.
The $340M project, featuring the 200-room bespoke Collection by TFE Hotels brand and the premium 105-room A by Adina, stands as a testament to Capital Alliance’s determination to provide exceptional end-to-end experiences and an architectural legacy for Melbourne’s city skyline.
"In the face of the current economic uncertainty, we are thrilled to move into the next phase of this ambitious project," said Mohan Du, Founder and Chief Executive of Capital Alliance. "Pearl River is our last blank canvas for Docklands and as such represents a significant milestone, so we wanted to create something truly remarkable and, in collaboration with TFE Hotels, a precinct that fosters a work, rest, play lifestyle.”
“Importantly, this project also prioritises sustainability, world-class lifestyle amenities and provides a premium setting for large scale Melbourne events.”
A fact not lost on Melbourne Lord Mayor, Sally Capp.
“It’s no surprise Docklands attracts great modern commercial and residential developments, with waterfront views, easy access to the city, and an extensive list of shopping and dining options.,” she said. “The precinct’s popularity continues to grow, with night-time pedestrian activity at New Quay exceeding pre-pandemic levels throughout May.”
Among its extraordinary attributes, the project will proudly showcase the longest escalator in Australia. This immersive journey will transport visitors on a captivating ride, featuring the latest in visual projection technology. And, with its remarkable length, the escalator will stand as a centrepiece, enchanting guests and instilling a sense of awe and excitement as they ascend towards the conference centre.
“Just like the Pompidou Centre in Paris this enormous escalator runs up the side of the building and leads to a fabulous bar and function centre. And just like at the Pompidou I am sure this new escalator will be renowned as one of the best rides in Melbourne,” said Deputy Lord Mayor, Nicholas Reece.
Capital Alliance has a proven track record of delivering landmark projects that redefine the urban landscape, and the Pearl River development is no exception. Construction is anticipated to commence in the first half of 2024.
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FOR MORE INFORMATION CONTACT
Jodi Clark - TFE Hotels (Director of Comms) +61 499 900 658 / [email protected]
Claire Hall - Capital Alliance PR Representative +61 408 595 322 / [email protected]
Download images here.
WHO ARE TFE HOTELS?
TFE Hotels (TOGA Far East Hotels) is Australia’s International Hotel Group - headquartered in Sydney and operating in Australia, New Zealand, Germany, Denmark, Hungary, Austria, Singapore, and Switzerland. TFE has a portfolio of seven hotel brands - A by Adina, Adina Hotels, Vibe Hotels, Quincy Hotels, Travelodge Hotels, Rendezvous Hotels and Collection by TFE Hotels, with more in the development pipeline.
TFE Hotels acknowledges the traditional owners of the lands we conduct business upon and pays our respects to Elders past, present and emerging. We respect the Country itself, including its trees, animals, spirits, waters, skies, stars, and special sites.
CAPITAL ALLIANCE
Capital Alliance is a diversified mixed-use real estate developer and investments company based in Melbourne, Australia, founded in 2012 by Mohan Du. Globally inspired and internationally connected, Capital Alliance takes real estate and development to a new level of liveability and style, by developing unique mixed-use landmark projects with world renowned hospitality partners and industry experts. The Melbourne-based company has delivered the refurbishment of Peppers Docklands, designed, and built the most recent 5-star Marriott in the Docklands and the first AC by Marriott in Australia in 2022. As well as its hospitality portfolio, Capital Alliance was appointed as the developer and master planner to lead the charge on the Revitalisation of the City of Dandenong, a $2 billion and 10-year project.